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Suppose a company has acquired a competitor at a $50m purchase price with a fair market value (FMV) of $48m. Based on this hypothetical scenario,
Suppose a company has acquired a competitor at a $50m purchase price with a fair market value (FMV) of $48m. Based on this hypothetical scenario, how much in goodwill is recognized on the acquirers balance sheet?
Possible Answers:
A. $0m
B. $2m
C. -$2m
D. $50m
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